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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Investment in silver bullion at fair value (a) [1] $ 4,393,861 $ 5,263,140
TOTAL ASSETS 4,393,861 5,263,140
Current liabilities    
Sponsor’s fees payable 1,917 2,338
Total liabilities $ 1,917 $ 2,338
Commitments and contingent liabilities (Note 6)
Shareholders’ equity(b) [2] $ 4,391,944 $ 5,260,802
TOTAL LIABILITIES, REDEEMABLE CAPITAL SHARES AND SHAREHOLDERS’ EQUITY (DEFICIT) $ 4,393,861 $ 5,263,140
Shares issued and outstanding (c) (in Shares) [3] 333,550,000 344,000,000
Net asset value per Share (d) (in Dollars per share) [4] $ 13.17 $ 15.29
[1] Cost of investment in silver bullion: $5,979,252 and $6,386,750, respectively.
[2] Represents net asset value. Please refer to Note 2D.
[3] No par value, unlimited amount authorized.
[4] Effective January 1, 2014, the Trust qualified as an investment company solely for accounting purposes and not for any other purpose. Disclosure of net asset value per Share is required for investment companies. Please refer to Note 2B.